Dating Services - Egypt

Egypt

Highlights

Revenue in the Dating Services market is projected to reach US$45.23m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 4.07%, resulting in a projected market volume of US$53.06m by 2028.
The Online Dating market has a projected market volume of US$32.69m in 2024.
In global comparison, most revenue will be generated United States (US$2.55bn in 2024).
The average revenue per user (ARPU) in the Dating Services market is projected to amount to US$5.73 in 2024.
In the Dating Services market, the number of users is expected to amount to 10.9m users by 2028.
User penetration in the Dating Services market will be at 7.2% in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Dating Services market in Egypt has been experiencing significant growth in recent years. Customer preferences have shifted towards online dating platforms, leading to the rise of several local and international dating apps and websites. This trend can be attributed to various factors, including changing social attitudes towards dating, increased internet penetration, and the convenience and accessibility offered by online platforms.

Customer preferences: Egyptian customers have shown a growing interest in online dating services. This can be attributed to the evolving social norms and attitudes towards dating in the country. In the past, traditional methods of meeting potential partners, such as through family or friends, were more common. However, as societal norms have become more relaxed, individuals are increasingly turning to online platforms to find romantic connections.

Trends in the market: One of the key trends in the Egyptian dating services market is the proliferation of online dating apps and websites. Both local and international players have entered the market to cater to the growing demand. These platforms offer a range of features, including matchmaking algorithms, chat functions, and profile customization options, to enhance the user experience and increase the chances of finding a compatible partner. Another trend in the market is the increasing popularity of niche dating platforms. These platforms cater to specific demographics or interests, such as religious or cultural preferences, hobbies, or professions. By targeting specific segments of the population, these platforms are able to provide a more tailored experience for their users, increasing the likelihood of finding a compatible partner.

Local special circumstances: Egyptian society has its unique cultural and social dynamics, which influence the dating services market. Traditional values and conservative attitudes towards relationships and marriage still prevail in many segments of society. This can pose challenges for dating platforms, as they need to navigate these cultural sensitivities while providing a platform for individuals to connect and form relationships. Additionally, the country's large youth population is a key driver of the dating services market. With a significant portion of the population under the age of 30, there is a growing demand for platforms that cater to the needs and preferences of this demographic. This includes features such as video profiles, virtual dating events, and gamified experiences, which appeal to the tech-savvy and socially active youth in Egypt.

Underlying macroeconomic factors: The growth of the dating services market in Egypt is also influenced by underlying macroeconomic factors. The country has witnessed an increase in internet penetration, with more individuals gaining access to smartphones and affordable data plans. This has facilitated the adoption of online dating platforms, as users can easily connect with others from the comfort of their own homes. Furthermore, the rising urbanization and changing lifestyles in Egypt have contributed to the growth of the dating services market. As more Egyptians move to cities for education and employment opportunities, they are exposed to new social circles and experiences. Online dating platforms provide a convenient way for individuals to expand their social networks and meet new people, particularly in urban areas where traditional methods of dating may be more challenging. In conclusion, the Dating Services market in Egypt has experienced significant growth in recent years, driven by changing customer preferences, the rise of online dating platforms, and the increasing internet penetration and urbanization in the country. As societal norms continue to evolve and technology advances, the market is expected to further expand, offering more opportunities for individuals to connect and find romantic relationships.

Data coverage:

The data encompasses B2C enterprises. Figures are based on Gross Merchandise Value (GMV) and represent what consumers pay for these products and services. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.

Modeling approach / Market size:

Market sizes are determined through a bottom-up approach, building on predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing. The main drivers are internet users, urban population, usage of key players, and attitudes toward online services.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.